Eric Kazatsky discusses the important distinction between quoted yield and realized yield in the municipal bond market and why that difference matters for investors and advisors.
Key Topics:
- Why current yield may overstate expected income in premium municipal bonds
- Examples comparing current yield and yield-to-worst
- Why total return and consistent yield measures provide a more complete view of potential outcomes
FEATURED SPEAKERS
Eric Kazatsky
Managing Director
Client Portfolio Manager
MacKay Municipal Managers
The opinions expressed are those of MacKay Municipal Managers, a team within MacKay Shields, a New York Life Investment Management company, and are subject to change.
“New York Life Investment Management” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.
Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, Member FINRA/SIPC.